Yorkshire food manufacturer cooks up expansion plan with £500k investment

A Yorkshire food manufacturer has received a £500k investment from a Northern investment fund.

Holmesterne Farm Co, based in Richmond, has secured the investment from NPIF – FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund (NPIF).

The investment will be used to increase production capacity and enable growth through a targeted strategy focused on food service. The activity has already created five new jobs.

It will also pay for the installation of a new £220k tray line and additional resources in sales and new product development, staff training and improved processes and controls.

Keith Tindell, Holmesterne Farm managing director, commented: “The team at FW Capital really understood our ambitions.

“They were extremely helpful and expertly guided us through the funding process. We’re very grateful for their support.”

Keith Charlton, senior investment executive at FW Capital, added: “Holmesterne is a long-established company with ambitious plans for the future.

“The funding has enabled the business to scale-up through increased production and investment in staff and infrastructure, while creating new jobs and safeguarding many more.”

David Dickson, chair of the infrastructure and joint assets board of York & North Yorkshire Local Enterprise Partnership, said: “NPIF funding can unlock a great deal of potential and enable good growth in this important sector.

“It’s great to see another business in our area benefiting from this support.”